Category: Business News

The National Biosafety Management Agency has issued two permits for the Commercial Release and Placing on Market of genetically modified cotton, and the confined field trial of maize, to Monsanto Agriculture Nigeria Limited. This move came despite concerted efforts of many Nigerians (comprising 100 groups of farmers, faith-based organizations, civil society groups, students and local…

The federal government has threatened to sanction banks and telecommunication companies, which fail to comply with its order to suspend retrenchment. Chris Ngige, minister of labour and employment, gave the warning on Tuesday at the 105th session of the International Labour Congress (ILC) in Geneva, Switzerland. The minister expressed shock that the directive was disregarded.…

Telecommunications operators in the country under the aegis of the Association of Licensed Telecommunications Operators of Nigeria on Tuesday raised a voice of opposition to a bill in the National Assembly seeking to introduce a new communications tax of nine per cent. The operators which included major mobile operators and infrastructure providers in a meeting…

The Nigerian government has established a National Rice and Wheat Task Force to set up targets that will yield “comprehensible and self-evident results” in rice and wheat production in the country. “What we are trying to achieve is that agriculture is our main stay and we are trying to evolve a strategy for our economy,…

The Minister of Transportation, Mr Rotimi Amaechi, has directed the Nigeria Railway Corporation (NRC) to put a stop to the menace of rooftop train riders. Amaechi gave the directive on Tuesday in Lagos at the maiden edition of the Lagos Traffic Radio Lecture Series, themed: “Migrating Workforce: The Challenges of Mass Transportation.’’ He described rail transport…

When the House Representative Committee on Customs visited the Seme Border Command of the Nigeria Customs Service, (NCS), on Wednesday, Customs Area Controller, Seme Border, Comptroller Victor Dimka expressed concern over the improper implementation of the agreement reached on the handing over of transit goods and vehicles to the Nigeria Customs by Beninoise Customs. Dimka…